Asia World Port

Yangon-Dala Bridge Construction Stalled

June 19, 2018 by thiha

YANGON — The Myanmar Port Authority under the Ministry of Transport and Communications has denied reports that it objected to the construction of a bridge across the Yangon River linking Yangon and Dala. Managing director U Ni Aung of the Myanmar Port Authority (MPA) during a press conference on Monday denied reports that the Korea-Myanmar […]

Filed Under: Latest News Tagged With: Asia World Port, Dala, Korea-Myanmar friendship project, MInistry of Construction, Ministry of Transport and Communications, Myanmar Industrial Port, Myanmar Port Authority, South Korea’s Economic Development Cooperation Fund

Anti-Drug Squad, BSI cooperating on Malaysia seizure of drugs worth $18 m

June 7, 2018 by Thiha

Anti-Drug Squad is cooperating with Bureau of Special Investigation (BSI) in investigation into the case in which narcotic drugs worth US$18 million were seized from a container that went from Yangon to Malaysia, said a BSI official. Both are hot on the trail of how the drugs were secretly loaded into the container and the […]

Filed Under: Latest News Tagged With: Anti-Drug Squad, Asia World company, Asia World Port, BSI, Bureau of Special Investigation, container, Drugs, flat, high-ranking official, Kuala Lumpur, local sources, Malaysia, Malaysia police, Malaysian, Malaysian customs authorities, Myanmar Anti-Drug Squad, Myanmar suspects, narcotic drugs, ongoing case, Port Klang, ship, suspected company owner, tea packages, The Daily Eleven, Vessel, Yangon

US eases Myanmar trade sanctions

December 11, 2015 by Thiha

US authorities have removed a ban on trade through ports and airports in Myanmar for six months, a move that should help galvanise the country’s incoming government. A landslide victory by the National League for Democracy, led by the iconic Aung San Suu Kyi, marked the first free polls in 25 years, and the party […]

Filed Under: Latest News Tagged With: ADB guarantees, Asia World Port, Asian Development Bank, aung san suu kyi, Bank of America, Citi, HSBC, Janet Hyde, OFAC, PNC Financial, Risk Advisory Group, Rohingya, Steven Law

U.S. temporarily lifts trade restrictions on Myanmar shipping hubs

December 8, 2015 by Thiha

The United States is temporarily easing trade restrictions on Myanmar by allowing all shipments to go through its ports and airports for six months, an effort to boost the Southeast Asian country’s opposition party after its landmark election win in November, U.S. officials said on Monday. The policy change, coming after Aung San Suu Kyi’s […]

Filed Under: Latest News Tagged With: Asia World Port, aung san suu kyi, Bank of America, Citigroup, Financial Institutions, lifting sanctions, Myanmar Citizens, Myanmar’s military, NLD, Peter Harrell, PNC Financial, U.S. sanctions, U.S. Treasury Department, United States

Sanctions fears choke nascent U.S. trade with Myanmar via Asia World Port

November 10, 2015 by thiha

Western banks are cutting trade finance in Myanmar after learning that part of the country’s main port is controlled by a man blacklisted by Washington, threatening to stop nascent U.S. economic ties with the Southeast Asian nation in their tracks. U.S. shipments to Myanmar have slowed to a crawl in recent months, after several banks […]